Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · VA
Assumable Loan + Second
Assumable · VA
Current Market Conventional
New · Conventional
Loan amount$88,723$88,723$216,000
Remaining term (yrs)23.923.930.0
Secondary amount$0$127,277$0
Funding fee$444$444$0
Note rate3.180%3.180%7.400%
Blended rate3.180%6.020%7.640%
1st payment$440.82$440.82$1,495.54
2nd payment$0.00$848.52$0.00
Taxes / mo$200.00$200.00$200.00
Insurance / mo$150.00$150.00$150.00
MI / mo$0.00$0.00$43.20
HOA / mo$630.00$630.00$630.00
Total monthly$1,420.82$2,269.34$2,518.74
Cash to close$151,277$24,000$24,000